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Home/News Feed/Maryland's Potomac Edison launches time-of-use rates to cut electricity costs during off-peak hours.
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Maryland's Potomac Edison launches time-of-use rates to cut electricity costs during off-peak hours.

Market News
20 Apr 2026
PRNewsWire
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Bullish
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Potomac Edison, a FirstEnergy subsidiary, introduced a new residential time-of-use electricity rate in Maryland starting April 20, 2026. This rate offers lower prices during off-peak hours such as mornings, late evenings, and weekends, encouraging customers to shift electricity use away from peak weekday hours to save money. On-peak hours are weekdays from 4-9 p.m. (daylight saving) or 3-8 p.m. (standard time), with off-peak rates about 44% cheaper. Customers can enroll at no cost, and a new meter will track their on-peak and off-peak usage, potentially lowering their monthly bills by adjusting appliance use timing.

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